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On May 14, Cerebras Systems (CBRS.US), a prominent U.S.-based AI chip manufacturer, finalized its initial public offering (IPO) price at $185 per share. This figure surpasses the previously projected range of $150 to $160 per share. The company successfully raised a substantial $5.55 billion, positioning it as the year's largest IPO on a global scale. Notably, this marks the third price revision upwards within a mere 10-day span, underscoring strong investor confidence.
According to regulatory filings, considering both the issued shares and the outstanding share capital, Cerebras now boasts a market valuation of approximately $40 billion. When fully diluted, this valuation climbs to around $49 billion, further highlighting the company's significant market presence and potential for growth.
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